If you want to be rewarded with cash for the money you spend anyways, the Tangerine Money-Back Credit Card is a good option. Unlike other cash back cards, there is no limit to the amount of cash you can get back. You get to choose which two or three merchant categories you want to get cash back on.

Your categories could include groceries or even recurring bill payments you register with your Tangerine Money-Back Mastercard. That means some of the money you spend on everyday things comes back to you if you use the card. Additionally, Tangerine often has sign-up deals where you can get more than the standard amount of cash back for the first few months of usage.

Cash back is always great, but if you pay your balance late, you will be charged interest. Interest charges are more than the cash back they will give. So essentially, the card rewards you for paying on time, rather than just penalizing you for paying late. Our team has investigated the Tangerine Money-Back Credit Card and come up with some important details. Make sure you read the details below before you decide whether or not this card is for you.

Tangerine Money-Back Credit Card

What are the Benefits of a Tangerine Money-Back Credit Card?

Do you like the idea of cashback offers? With this credit card, you will earn 2% cashback rewards on your day to day purchases (money-back categories of your choice) and another 0.50% money-back rewards on all other daily purchases. You don’t have a limit to the number of money-back rewards you can earn on your everyday purchases, though certain conditions do apply.

There are other great rewards that come with this credit card, including getting a 3rd 2% cash back whenever you deposit your rewards in your Tangerine Savings Account. Note that your rewards are automatically earned and paid monthly. The choice is yours whether to redeem these points into your savings account or credit card balance.

Are you worried that your credit card might not be allowed overseas? Well, worry no more, because this credit card is accepted worldwide in more than 24 million locations located in over 210 countries.

Are you a spendthrift and looking for a way of breaking these habits? The Tangerine Bank helps you stay afloat with your spending habits so you can track every penny spent. They help you plan on how much you are left with each month.

You can also pay with Google Pay, Samsung Pay, and Apple Pay on the go, as well as face $0 in annual fees and a low promotional balance transfer rate for the first 6 months.

Are you excited about the benefits that come with this credit card? Read on to find out criteria for eligibility, as well as information regarding the application process. For more comprehensive benefits, check out the Tangerine Bank website.

What are the Fees of a Tangerine Money-Back Credit Card?

To fully enjoy the features of this credit card, it is advisable to pay your credit card on time to avoid extra bank charges which might affect your credit score.

Take a look at this overview of fees and rates you can expect:

  • 19.95% interest on purchases
  • 2.50% foreign currency conversion rate
  • $3.50 within Canada and $5.00 outside Canada cash advance fee
  • 3% or $5 balance transfer fee
  • 1.95% interest for the first 6 months (19.95% after that) promotional balance transfer interest rate
  • 19.95% interest on cash advances
  • $25.00 over limit fee

For more detailed information on fees and other factors to consider, check out the Tangerine Bank website.

Tangerine Money-Back Credit Card

How to apply for a Tangerine Money-Back Credit Card

Applying for this credit card is super easy, and it takes only a few minutes to complete the online application. To be eligible, you must be 18 years of age and a Canadian Citizen with a permanent residence. You must also already have a client account with Tangerine. You must have a social security number and a stable income.

Applications are done online. For further information, check out the Tangerine Bank website. If successful, you will be offered promotions based on your circumstances.

It is next to impossible to break the spendthrift syndrome, but paying attention to the terms of you card can help. The Tangerine Money-Back Credit Card provides select cashback benefits to help keep you on track. Head to the Tangerine Bank website and apply for your credit card today.

How to Contact 

Head office

Tangerine Bank does not have its own head office. It is a subsiduary of Scotiabank.

Scotiabank

44 King Street West,

Scotia Plaza 8th Floor,

Toronto, ON, CA, M5H 1H1

Telephone: Service in English 1-888-826-4374   or 416-756-2424  

Service in French 1-844-826-4374  

Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.